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Press Release
YKK Corporation has been selected as a “Supplier Engagement Leader” the highest score on the 2022 Supplier Engagement Report (SER) from CDP,[1] the international environmental non-profit focused on measuring and reporting companies’ environmental impact.
CDP’s annual Supplier Engagement Rating (SER) assesses how effectively companies engage with their suppliers on climate change issues, based on the CDP climate change questionnaire. It covers governance, targets, value chain (scope 3) emissions, and supplier engagement strategies, and factors in the company’s climate score.
YKK’s recognition as a “Supplier Engagement Leader” places the company in the top 8% of companies evaluated for supplier outreach on climate change. It demonstrates that YKK’s governance, targets, and initiatives to collaborate with suppliers to reduce greenhouse gas emissions, all aimed at reducing greenhouse gas emissions throughout the YKK supply chain, constitute efforts befitting a global leader. This is the first time YKK has received this recognition.
“Since formulating our YKK Sustainability Vision 2050 in October 2020, we have been pursuing a range of initiatives to meet our goals,” said Asako Yoshioka, Vice President, Sustainability Department, YKK Corporation. “YKK’s corporate philosophy of the ‘Cycle of Goodness’ states that ‘no one prospers without rendering benefit to others.’ As such, we believe that in addition to pursuing our own initiatives, it is important that we disclose information on our progress and pursue initiatives to reduce greenhouse gas emissions throughout our entire supply chain. This year is the first that we received the highest Supplier Engagement Rating. We aim to replicate this in the next fiscal year and beyond by continuing to promote sustainability through our business activities, products, and technologies with the goal of solving climate change and other societal issues and helping realize a healthy global environment.”
YKK Corporation’s sustainability goal is to achieve climate neutrality by 2050. YKK is working on five themes – climate change, material resources, water resources, chemical management, respect for people – and ten SDGs goals related to each of these, and each year reports on its state of progress in the YKK Integrated Report, “This is YKK.”
In December 2022, YKK received an “A-” rating from CDP in the 2021 climate change survey. YKK will aim for the highest “A” rating and continue its efforts to address climate change and strive for transparent information disclosure to achieve the goals of the Paris Agreement.
[1] Formerly, the Carbon Disclosure Project. A non-profit organization whose main work is to request corporations and local governments to disclose information about their measures to combat climate change, protect water resources, conserve forests, and tackle other environmental issues, and in doing so to encourage such measures. It acts at the request of institutional investors and major purchasing organizations around the world that are highly concerned about environmental issues.
This press release was issued in March 2023. YKK is a SPESA member.
SPESA members are encouraged to email news and releases to marie@spesa.org or maggie@spesa.org to be featured under Member Spotlights.